May 9, London time, the World Steel Association released the April 2024 version of the short-term steel demand forecast report, expects global steel demand in 2024 to rebound by 1.7% to 1.793 billion tons; global steel demand in 2025 will grow by 1.2% to 1.815 billion tons. 2024-2025, the global steel demand will continue to grow.
Learn moreOn Tuesday (May 14) local time, the White House announced that it would significantly increase tariffs on a range of Chinese imported products, including electric vehicles, chips, and medical products.
Learn moreOn 29 April, the person in charge of the International Department of the Ministry of Commerce talked about the formal entry into force of the China-Ecuador Free Trade Agreement, which entered into force on 1 May. China and Ecuador will gradually abolish tariffs on about 90 per cent of tariff lines, which will play an important role in expanding bilateral trade, promoting industrial chain integration and mutual investment.
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